TO FG AND HOUSE OF REP. ON MMM NIGERIA

Ademowore Adetola

The news about MMM have been on rampage, flying up and down and published by Nigerian news papers on the 9th of November, 2016 that House of Representative met and their agenda was how security agencies (EFCC) will arrest "Movrodi Mondail Moneybox" popularly known as MMM promoters.

House of Rep described the scheme as a "scam" and warned Nigerians not to be carried away by the "mouth-watering" returns on investments.

Reps ask security agencies to arrest ‘MMM’ promoters

The House of Representatives on Wednesday asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria.

Lawmakers strongly opposed the investment scheme, which lately gained popularity among Nigerians in the wake of the current economic recession in the country.